A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years ?
Solution
Correct Answer: Option B
A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24) : (120000 x 24 + 40000 x 12)
= 144 : 192 : 336
= 3 : 4 : 7.
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